Rocket Ronnie's Pool Hall
I funded my business expansion with a cash advance from Quick Capital!
Ronnie Keates accessed flexible funding from Quick Capital to pay for renovations during a business expansion, to make sure that his new premises was ready to open to the public in a matter of weeks.
Ronnie opened his first pool hall on the Isle of Wight in July 2011. Over the past seven years, Rocket Ronnie’s has grown in popularity, offering great food and a fully licensed bar where pool and snooker fans can enjoy a relaxing game or take part in regular tournaments.
In October 2016, Ronnie carried out a business expansion by taking over an existing snooker hall in Southampton. The business expansion continued earlier this year, when he opened a third location in Southampton.
“I received the opportunity to expand my business by opening a new snooker and pool hall in Southampton. It’s a great location, but the interior needed renovating before I could officially open it.
I had some savings built up to cover any business expansions, but needed some extra funding to help cover the costs. I did some research into the different types of finance available, including loans.
When I discovered Quick Capital, I realised that a cash advance was clearly the best funding option for me. Each of my businesses accepts lots of card payments daily, so a cash advance is a simple way for me to raise funding to cover my business expansion quickly.
Once I received my initial cash advance, I was able to refurbish the interior in a matter of weeks. I fully repainted the inside and installed new carpets throughout, along with improving the fixtures and fittings. I even had enough to purchase new pool tables!
I managed to completely repay my cash advance two months earlier than expected, and decided to top up my funding for extra refurbishments. I couldn’t believe how quick it was, I had the extra funds within 24 hours of asking for them!
I’m thrilled at how simple and fast it is to repay my cash advances, I don’t even notice the money going out. The repayments are deducted from my daily takings before they go into my bank - if I didn’t check the statements I wouldn’t know I was paying it back!
My new pool hall has now been open since May and is doing brilliantly. Although launching new businesses can be stressful, I am looking to carry out further business expansions and launch new locations in the future. It’s reassuring to know that I can rely on Quick Capital to provide stress-free finance when I do!”